First Internet Bancorp completes USD 20.5 million subordinated notes private placement

• First Internet Bancorp completed a private placement of USD 20.5 million of 8.0% fixed-to-floating rate subordinated notes due 2036.
• Notes pay 8.0% fixed interest from Sept. 10, 2026 to Sept. 15, 2031, with semiannual payments.
• Rate resets from Sept. 15, 2031 to 3-month term SOFR + 373.5 basis points, with quarterly payments.
• Proceeds earmarked for general corporate purposes, including possible redemption or retirement of higher-cost debt.
• Notes are callable on or after Sept. 15, 2031, with additional redemption triggers tied to certain events.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Internet Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 202609101616BIZWIRE_USPR_____20260909_BW225484) on September 10, 2026, and is solely responsible for the information contained therein.